Public Employees Retirement System of Ohio Sells 13,715 Shares of State Street Co. (NYSE:STT)

Public Employees Retirement System of Ohio lessened its holdings in State Street Co. (NYSE:STT - Free Report) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,871 shares of the asset manager's stock after selling 13,715 shares during the period. Public Employees Retirement System of Ohio's holdings in State Street were worth $10,428,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in STT. Ashton Thomas Private Wealth LLC purchased a new stake in shares of State Street in the second quarter worth approximately $27,000. Coastline Trust Co purchased a new stake in State Street in the 3rd quarter valued at $44,000. Capital Performance Advisors LLP purchased a new position in State Street during the 3rd quarter worth $54,000. Family Firm Inc. purchased a new position in State Street during the 2nd quarter worth $61,000. Finally, Tobam bought a new stake in shares of State Street in the 3rd quarter worth $77,000. Institutional investors own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STT shares. Evercore ISI boosted their price target on shares of State Street from $89.00 to $94.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft boosted their target price on State Street from $90.00 to $95.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised State Street from a "market perform" rating to an "outperform" rating and increased their price target for the company from $105.00 to $120.00 in a research report on Tuesday, December 3rd. Barclays boosted their price objective on State Street from $103.00 to $108.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company raised their target price on State Street from $106.00 to $108.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $97.32.

Insider Activity

In other State Street news, EVP Kathryn M. Horgan sold 12,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $97.97, for a total value of $1,224,625.00. Following the sale, the executive vice president now directly owns 111,042 shares in the company, valued at $10,878,784.74. This represents a 10.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Plansky sold 13,859 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of $91.32, for a total transaction of $1,265,603.88. Following the transaction, the executive vice president now owns 55,108 shares of the company's stock, valued at $5,032,462.56. This trade represents a 20.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,460 shares of company stock worth $2,499,860. 0.31% of the stock is owned by corporate insiders.

State Street Stock Performance

NYSE STT traded up $1.37 during trading on Thursday, hitting $100.64. 2,250,691 shares of the company's stock traded hands, compared to its average volume of 2,212,130. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.56 and a current ratio of 0.56. The stock has a market capitalization of $29.50 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.22 and a beta of 1.44. State Street Co. has a 12-month low of $70.20 and a 12-month high of $101.91. The business has a 50 day moving average of $94.12 and a 200-day moving average of $84.97.

State Street (NYSE:STT - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $2.26 EPS for the quarter, topping the consensus estimate of $2.12 by $0.14. State Street had a net margin of 9.87% and a return on equity of 12.02%. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period last year, the firm earned $1.93 EPS. State Street's revenue for the quarter was up 21.1% on a year-over-year basis. As a group, equities research analysts anticipate that State Street Co. will post 8.42 earnings per share for the current fiscal year.

State Street Profile

State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide. The company offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance and analytics; middle office products, such as IBOR, transaction management, loans, cash, derivatives and collateral, record keeping, and client reporting and investment analytics; finance leasing; foreign exchange, and brokerage and other trading services; securities finance and enhanced custody products; deposit and short-term investment facilities; investment manager and alternative investment manager operations outsourcing; performance, risk, and compliance analytics; and financial data management to support institutional investors.